30-Year Mortgage Rate Rises to 6.46% as 5/1 ARM Jumps to 6.68%
ZG•Average 30-year fixed mortgage rates increased by 12 basis points to 6.46%, while 5/1 ARM rates jumped 39 basis points to 6.68%. Zillow’s refinance rates now stand at 6.45% for 30-year fixed and 6.30% for 5/1 ARM, up modestly week-over-week.
1. Purchase Mortgage Rate Increases
Zillow data show the average 30-year fixed rate climbed 12 basis points to 6.46%, the 15-year fixed rate inched up 1 basis point to 5.91%, and the 5/1 ARM surged 39 basis points to 6.68%, marking the largest single-day ARM jump this week.
2. Refinance Rate Trends
Refinance rates also moved higher this week, with the 30-year fixed rate at 6.45%, the 20-year fixed at 6.54%, the 15-year fixed at 5.93%, and the 5/1 ARM at 6.30%, reflecting tighter lender pricing across most loan terms.
3. Impact on Zillow Lender Marketplace
Sustained rate increases may temper mortgage shopping and refinance volumes on Zillow’s lender marketplace, potentially reducing lead generation and fee-based revenue in upcoming quarters.




